A company had cost of goods sold of $171,000 during a given period. Compute cash paid for merchandise during this period given the following data:

	Beginning Balance	Ending Balance
Accounts payable	$28,000	$23,500
Merchandise inventory	49,000	55,600

	$168,900
	$159,900
	$173,100
	$182,100
	$177,600 SHOW YOUR WORK FOR CREDIT